Expanding the Trans Mountain Pipeline system will create both short- and long- term job opportunities in BC communities along the pipeline route and an increase in tax revenue for the BC and local governments.
Of the total construction and long-term operating expenditures related to the proposed Trans Mountain Expansion Project, about 63 per cent (or $7.0 billion) is to be spent in BC. The estimated job impact is 32,000 person years (full-time equivalents) of employment in BC during construction and operations. For example, during the peak construction period of the proposed new pipeline and associated facilities, construction hubs are to be established along the route hubs will be filled with construction workers who will spend dollars on accommodation, meals and other local goods and services.
The project is also anticipated to generate substantial provincial and municipal tax revenue for BC. Over the life of the project (based on an assumption of six years of design and construction and 30 years of operations), approximately $355 million in increased provincial tax revenues are anticipated in BC, as well as additional municipal tax revenues of about $600 million ($22 million annually).
The proposed expanded operations are anticipated to create 50 new full-time permanent positions in BC.
Note: All figures on this page are based on the proposed expansion of the Trans Mountain Pipeline at a proposed capacity of 890,000 barrels per day. These estimates will change as economic impact figures are updated to reflect project design changes and economic conditions.